Sales rose to $1.7 billion in January 2018, the biggest jump since October 2012. Low-end watches remain in a slump. Exports to China rose 33%; to Hong Kong 21%; and to Japan 13%. U.S. sales slipped 1.9%. No mention of GB but perhaps others can chime in with the figures.
So as far as conspicuous consumption is concerned and if it is truly reflective of a nation's economy especially amongst the well-to-do, China is now on course to blow the western world's high-end buying power of luxury goods into oblivion. Around here, they've already accomplished that presumed objective in regards to residential Silicon Valley properties, luxury automobiles and designer accessories.
Apparently all Rolex and Patek roads now lead to China except for those on the assembly lines building Apple iPhones and $19.95 TV specials for 15 cents an hour. Cheap exploitable labor will always be Earth's natural gold mine.
Last edited by Bannon; 21st February 2018 at 20:58.
The Chinese economy is in zooming along nicely
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The Chinese have been one of the most important swiss watch markets for quite a few years now but I used to read a few years ago that times were tough and they were no longer selling as many as they planned and that the chinese economy was slowing down bla bla bla. Apparently China's back in business re-discovering swiss watches.
🤣🤣Originally Posted by -Ally-
I can see why the colours would be appealing to you.
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